Industrial Policy
Joe Biden’s Shocking Decision to Block the Nippon Steel Deal
It was not shocking that the Committee on Foreign Investment in the United States sought to defer a decision on Nippon Steel’s $14 billion offer to acquire Pennsylvania’s U.S. Steel until after the...
America’s Industrial Policy Spells Trouble for Global Supply Chains
Though geared mainly at domestic outcomes, the rise of industrial policy in the United States is affecting global supply chains, especially in Asia. To the extent that they boost investment in...
A Successful Industrial Policy Requires Skilled Workers
“Industrial policy” has gained prominence over the last several years, occupying a prime place in the policy agendas of both political parties. It is also one of the few areas...
The High Price of the U.S. Military-Industrial-Congressional Complex
During World War II, America churned out an incredible 297,000 aircraft. In that same conflict, the USS Essex aircraft carrier was ordered in February of 1940. Twenty-two additional Essex carriers...
Techno-Nationalism: An Industrial Policy for the Twenty-First Century
Trade relations between China and the U.S. have strained markedly in the past few years, beginning with the trade war in 2018 under the Trump administration. Tariffs and other measures...
The Anglosphere Needs a Customs Union
OVER A century ago, at the Royal Geographic Society in London, Halford Mackinder delivered a paper titled “The Geographical Pivot of History,” in which he argued that the rise of...
Reimagining Industrial Policy for a Technological Cold War
Last month, the United States passed the CHIPS and Science Act, one of the first pieces of national industrial policy—government planning and intervention in a specific industry—in the last fifty...